Great time to buy Sotogrande property, thanks to strong exchange rate
The pound to euro exchange rate has risen, because the UK economy has been shining brighter than the Eurozone’s.
For instance, while unemployment in the UK stands at close to 5.0%, on the continent it’s more than double, at +10.3%. What’s more, the UK has been the fastest-growing G7 economy in the last 3 years, ahead of the USA, Germany, and Japan. So that’s lifted the pound!
Moreover, sterling could continue to rise in 2016, further cutting the cost of buying a Sotogrande property. The pound could climb, because there’s a 2/3rd chance that Britain will vote to stay in the EU in the upcoming referendum on June 23rd, according to bookmakers. Were the UK to stay, this would remove significant uncertain from the UK’s outlook, boosting the economy and sterling too!
With all this in mind, 2016 is the ideal time to buy a Sotogrande property, as the pound to euro exchange rate looks set to rise.
13th April 2016
By Peter Lavelle at foreign exchange broker Pure FX
https://www.youtube.com/watch?v=BWnEXNsMhto
